The world of vehicle leasing can be overwhelming, especially when it comes to understanding the financial implications. That’s where a Novated Leasing Calculator becomes an invaluable tool. Designed to simplify complex calculations, this tool helps you estimate your leasing costs, tax savings, and potential benefits in just a few clicks.
Whether you’re an employee exploring salary packaging or an employer seeking cost-effective solutions, a novated leasing calculator empowers you to make well-informed decisions with ease. In this blog, I’ll break down how this tool works, its key advantages, and why it’s a game-changer for hassle-free vehicle leasing.
With the growing popularity of EVs and continued demand for petrol vehicles, one size does not fit all.
To make the leasing process even simpler, there’s a new introduced tool: Petrol Novated Leasing Calculator!
Now, alongside our EV Novated Leasing Calculator, this new tool allows you to explore and compare leasing options for both petrol and electric vehicles, ensuring you can confidently choose the vehicle and lease that best suit your lifestyle and budget.
What is a Novated Lease?
A novated lease is a salary packaging arrangement that allows employees to lease a vehicle using their pre-tax income. Packaging a vehicle like this can result in substantial tax savings for employees, as the cost of the lease, including running expenses like fuel, maintenance, insurance and registration, is deducted from their gross salary.
Novated leasing is a flexible, tax-efficient way to access the vehicle you want, whether it’s a fuel-efficient petrol car or an EV.
CarBon is a novated leasing company with an extensive experience in this industry. With CarBon’s calculators, understanding the financial benefits of novated leasing for both petrol and electric vehicles has never been easier.
Introducing the Petrol Novated Leasing Calculator
CarBon understands that EVs aren’t for everyone. They still provide the same amazing service, interest rates and transparent quoting no matter what car you choose to drive. Our new Petrol Novated Leasing Calculator is designed to provide you with a clear, detailed breakdown of how novated leasing works for petrol/diesel vehicles.
With just a few inputs, the calculator shows you how a novated lease on a petrol car can help you save money by reducing your taxable income and bundling all vehicle expenses into one convenient payment.
Why Use the Petrol Calculator?
- Accurate Cost Projections: Input your salary, lease term, and vehicle model to see a detailed cost breakdown, including your tax savings and estimated weekly/fortnightly/monthly lease payments.
- Comprehensive Running Costs: The calculator factors in typical running costs like fuel, servicing and insurance to give you a clear picture of total expenses, helping you budget better.
- Comparison Tool: Thinking about going electric? The petrol calculator makes it easy to compare the costs of leasing a petrol vehicle with those of an EV using our EV Calculator.
Our EV Novated Leasing Calculator: An Easy Way to Plan Your Switch to Electric
With the growing interest in electric and hybrid vehicles, CarBon was an early adopter in helping drivers navigate the shift to electric. Our EV Novated Leasing Calculator was a pioneering tool for employees and employers alike, showing the tax benefits and cost savings of leasing an electric vehicle through a novated lease.
Why Choose the EV Calculator?
The EV Calculator is continually updated and improved and is ideal for those interested in the many advantages of electric vehicles.
– Calculate Tax Savings: See how your pre-tax salary can cover not only your lease payments but also other running costs, reducing your taxable income and putting more money back in your pocket.
– Bundled Costs for EV Charging and Maintenance: The EV calculator includes cost estimates for charging, which is often significantly cheaper than petrol, along with other savings associated with EVs, such as reduced maintenance expenses.
– Incentives and Rebates: Our EV calculator also factors in FBT exemptions for qualifying EVs, making it easy to see how much you could save on an electric vehicle lease.
With our EV Calculator, CarBon empowers drivers to make an informed decision when it comes to transitioning to electric, factoring in both environmental benefits and significant cost savings.
Why Choose CarBon’s Novated Leasing Calculators?
Our calculators are designed to simplify the often complex world of novated leasing, putting all the information you need at your fingertips. Here’s what makes them stand out:
- User-Friendly: Both our Petrol and EV Novated Leasing Calculators are easy to use, guiding you step-by-step through each calculation. Just enter a few details, and you’ll have a comprehensive cost analysis in minutes.
- Accurate Tax Savings: Our calculators provide projections of your tax savings, helping you understand the financial advantages of novated leasing in comparison to traditional financing options. While not as accurate as a formal quote, it is a relatively good estimate.
- Compare Petrol and Electric Options: With both calculators available, you can easily weigh the pros and cons of leasing a petrol versus an electric vehicle, helping you decide which vehicle best aligns with your budget and lifestyle.
How to Use the Petrol and EV Novated Leasing Calculators?
Using the calculators is straightforward and takes only a few minutes. Here’s how to get started:
1. Input Your Details: Start by entering your annual salary and lease term (typically between 2-5 years). You’ll also select the make and model of the vehicle you’re considering.
2. Choose Between Petrol and EV: Select the Petrol Novated Leasing Calculator if you’re interested in a diesel/petrol vehicle, or the EV Calculator for an electric vehicle. You can also try both to compare the costs.
3. Review Your Savings: The calculator will display an estimated weekly/fortnightly/monthly lease payment, tax savings, and overall cost, including running expenses. This gives you a clear view of how novated leasing can benefit you financially.
4. Explore Additional Savings: For electric vehicles, the EV Calculator will factor in potential government incentives and FBT exemptions, giving you a full picture of the advantages of leasing an EV.
5. Get a Quote: If you’re ready to move forward, simply request a quote based on your calculator results and one of our CarBon consultants will be in touch to assist with the next steps.
Maximise Your Savings with CarBon’s Novated Leasing Options
CarBon’s novated leasing calculators make it easy to understand your options and choose the most cost-effective lease. With the Petrol Novated Leasing Calculator and EV Calculator, CarBon is committed to helping you make an informed choice that aligns with your financial goals and lifestyle.
